Profit Fan

SCBT Financial Corporation: Growing By Acquisition... Will It Pay Off?

SCBT Financial Corporation (SCBT) is a $917 million bank holding company that operates over 90 banking locations throughout South Carolina, Georgia and North Carolina. When last reported, the company controlled $5.14 billion in assets, $3.59 billion of which were in loans, and had $4.2 billion in deposits.

SCBT has been in acquisition mode and has closed two deals since 4/24/12 with one more, and its biggest, still on the way. Before SCBT closes its $298.6 million deal for First Financial Holdings (NASDAQ:FFCH) I have presented below an analysis of the bank's recent financial performance and current balance sheet to help determine if this fast growing bank is worth a look after already rising ~54% over the past 52-weeks....

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